Morningstar Rating™

Morningstar SRRI

Benchmarks

Fund Benchmark

S&P China 500 Index NR USD

Morningstar® Benchmark

MSCI China NR USD

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Investment Objective

The Sub-Fund seeks to track the performance of the S&P China 500 Index (the "Index") before fees and expenses.
To achieve its objective the Sub-Fund will primarily make direct investment in transferable securities representing the constituents of the Index through a full replication strategy, and may also invest in equity equivalent securities as well as convertible bonds, warrants options, futures, P-notes and ETFs which will provide indirect exposure to the securities included in the Index. However, in circumstances where the liquidity conditions of the market prevent the Investment Manager from using a full replication strategy, the Sub-Fund might optimize replication through representative sampling strategy.

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Portfolio Profile08/12/2016

Morningstar Style Box®

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Equity Style

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Top Holdings

Name

Sector

%

IncreaseDecreaseNew since last portfolio

Tencent Holdings Ltd

Technology

6.36

Alibaba Group Holding Ltd ADR

Consumer Cyclical

4.92

China Construction Bank Corp H

Financial Services

3.55

China Mobile Ltd

Communication Services

2.92

Ping An Insurance (Group) Co. of China Ltd

Financial Services

2.48

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Asset Allocation %

Long

Short

Net

Stocks

98.92

0.00

98.92

Bonds

0.00

0.00

0.00

Cash

0.00

0.00

0.00

Other

1.08

0.00

1.08

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Top Stock Regions

Region

%

Asia - Emerging

99.49

Asia - Developed

0.43

Canada

0.04

United States

0.03

Japan

0.00

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Top Stock Sectors

StockSector

%

Financial Services

28.35

Technology

16.21

Consumer Cyclical

13.14

Industrials

12.53

Basic Materials

7.99

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AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.